Constellation Software ( (TSE:CSU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Constellation Software’s stock took a hit, dropping 12%, after the unexpected resignation of its founder and president, Mark Leonard, due to health reasons. Leonard’s departure has created uncertainty, leading to a downgrade by National Bank and a reduced price target. However, confidence in the new president, Mark Miller, and the company’s business plan remains strong, with analysts still generally recommending a buy.
More about Constellation Software
YTD Price Performance: -6.83%
Average Trading Volume: 40,057
Technical Sentiment Signal: Sell
Current Market Cap: C$87.68B
For further insights into CSU stock on TipRanks’ Stock Analysis page.
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